Funding arb · Price arb /

CRCL

RWAall CRCL markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0038%/8h= +4.1% APRpaid last 24h −0.033%

Price spread now: Polymarket Perps against Aster+0.014%7-day average −0.107% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$270.266% of the position

Long on Aster Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.184%−$18 on $10k

Price spread, last 7 days−0.081%−$8 · spread now +0.014%, 7d avg −0.107%

Together, before fees−0.265%+ Points / potential airdropAster: Stage 5 · farm board−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Polymarket Perps is 0.121% dearer against Aster than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of −0.107%. Mind the row above: over the last 7 days funding on this pair cost −0.184%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Aster CRCLUSDT	91.559	0.0012	pay 0.0012% / 8h	5h 37m	$1.1M	$4.9M	20x
Short	Polymarket Perps CRCL-USD	91.572	0.0050	get 0.0006% / 1h	37m 34s	$355K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Aster. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee AsterbpFee Polymarket PerpsbpOrdersPrice spread, now +0.014%Rate

Funding earned: $7.91
Price spread: +0.014% → −0.107%: $12.09
Slippage, 4 orders: −$10.63
Fee Aster: 4 bp × 2 orders: −$8
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$6.62
Costs to cover: 0.266%
Break-even: 12.9 days

Slippage from Aster: live order book, 1 min ago; Polymarket Perps: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Aster live order book, 1 min ago	2.18 bp	6.2 bp −$6	12.0 bp −$120	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 1 min ago	2.13 bp	6.9 bp −$7	9.4 bp −$94	10.8 bp −$1,078	doesn't fit

CRCL on 34 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bitget CRCLUSDT	−0.1323%	8h	91.630	+0.077%	$15.7M	$34.5M	25x	as long as short
Vest CRCL-USD-PERP	−0.0076%	1h	91.310	−0.272%	—	$35K	25x	as long as short
Coinbase International CRCL-PERP-INTX	−0.0016%	1h	91.450	−0.119%	$902K	$527K	10x	as long as short
Extended CRCL_24_5-USD	0.0000%	1h	91.542	−0.018%	$1.1M	$5.7M	10x	as long as short
Bybit CRCLUSDT	0.0000%	8h	91.600	+0.045%	$14.9M	$25.7M	50x	as long as short
RISEx CRCL/USDC	0.0000%	1h	91.573	+0.015%	$418K	$297K	10x	as long as short
Gate CRCL_USDT	0.0000%	8h	91.560	+0.001%	$7.1M	$26.6M	50x	as long as short
Variational Omni CRCL	0.0000%	8h	91.517	−0.046%	$2.4M	$3.2M	—	as long as short
GRVT CRCL_USDT_Perp	0.0000%	8h	91.574	+0.016%	$65K	$1.1M	10x	as long as short
Phemex CRCLUSDT	0.0000%	4h	91.550	−0.010%	$1.0M	$49K	10x	as long as short

Show all 34 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance CRCLUSDT	+0.0002%	8h	91.569	+0.011%	$104.2M	$384.2M	50x	as long as short
Aster CRCLUSDTlong	+0.0012%	8h	91.559	long leg	$1.1M	$4.9M	20x
OKX CRCL-USDT-SWAP	+0.0015%	8h	91.610	+0.056%	$21.5M	$59.3M	50x	as long as short
BloFin CRCL-USDT	+0.0019%	8h	91.530	−0.032%	$1.1M	$1.3M	20x	as long as short
Aftermath Perps CRCLUSD	+0.0021%	1h	91.460	−0.109%	$2K	$23K	5x	as long as short
QFEX CRCL-USD	+0.0023%	1h	91.540	−0.021%	$1.3M	$2.1M	10x	as long as short
Lighter RH CRCL	+0.0032%	1h	91.582	+0.025%	$973K	$2.9M	10x	as long as short
Arcus CRCL-USD	+0.0040%	1h	91.520	−0.043%	$93K	$273K	10x	as long as short
tradeXYZ xyz:CRCL	+0.0050%	1h	91.543	−0.018%	$68.4M	$41.2M	10x	as long as short
Polymarket Perps CRCL-USDshort	+0.0050%	1h	91.572	+0.014%	$355K	$1.1M	10x
SoDEX CRCL-USD	+0.0050%	1h	91.561	+0.002%	$46K	$3K	10x	as long as short
Ondo Perps CRCL-USD.P	+0.0050%	1h	91.470	−0.097%	$999K	$5.2M	10x	as long as short
Paradex CRCL-USD-PERP	+0.0068%	8h	91.573	+0.015%	$751	$740	5x	as long as short
Pacifica CRCL	+0.0100%	1h	91.520	−0.043%	$132K	$157K	10x	as long as short
KuCoin CRCLUSDTM	+0.0100%	8h	91.580	+0.023%	$2.8M	$1.9M	20x	as long as short
ApeX Omni CRCLUSDT	+0.0100%	1h	91.530	−0.032%	$67K	$4K	50x	as long as short
Orderly PERP_CRCL_USDC_mythos	+0.0100%	8h	91.560	+0.001%	$913	$2K	10x	as long as short
Aevo CRCL-PERP	+0.0104%	1h	91.574	+0.016%	$4	—	10x	as long as short
Phoenix CRCL	+0.0183%	1h	91.480	−0.086%	$27K	$84K	10x	as long as short
Nado CRCL-PERP	+0.0187%	1h	91.505	−0.059%	$130K	$104K	3x	as long as short
Lighter CRCL	+0.0232%	1h	91.584	+0.027%	$2.9M	$2.4M	10x	as long as short
Deribit CRCL_USDC-PERPETUAL	+0.0296%	1h	91.590	+0.034%	$4K	$767K	10x	as long as short
edgeX CRCLUSDC	+0.0316%	4h	91.583	+0.026%	$23K	$267K	10x	as long as short
Injective CRCL/USDC PERP	+0.0440%	1h	92.200	+0.700%	$5K	$19K	30x	as long as short